OLIVIER MOTTARD: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
OLIVIER MOTTARD
Largest movements
- Cash -€244,725
down €244,725 (-54.6%), from €448,565 to €203,840
mainly Net result for the year (-€171,823) and Debts within one year (-€140,210)
- Receivables within one year -€67,029
down €67,029 (-41.7%), from €160,770 to €93,741
- Tangible fixed assets -€8,172
down €8,172 (-37.0%), from €22,059 to €13,887
- Profit (loss) carried forward -€171,823
down €171,823 (-48.1%), from €357,458 to €185,635
- Debts within one year -€140,210
down €140,210 (-56.9%), from €246,347 to €106,137
- Debts after one year -€7,893
down €7,893 (-59.2%), from €13,329 to €5,436
- Gross operating margin -€383,560
down €383,560, from €363,301 to -€20,259
- Taxes +€48,088
up €48,088 (+52.7%), from €91,277 to €139,365
From the 2018 result to the 2019 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2018 and 2019 balance sheets and the 2019 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2018 | 2019 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €631,394 | €311,468 | -€319,926 | -50.7% |
| Fixed assets | 21/28 | €22,059 | €13,887 | -€8,172 | -37.0% |
| Tangible fixed assets | 22/27 | €22,059 | €13,887 | -€8,172 | -37.0% |
| Current assets | 29/58 | €609,335 | €297,581 | -€311,754 | -51.2% |
| Amounts receivable within one year | 40/41 | €160,770 | €93,741 | -€67,029 | -41.7% |
| Cash at bank and in hand | 54/58 | €448,565 | €203,840 | -€244,725 | -54.6% |
| Total equity and liabilities | 10/49 | €631,394 | €311,468 | -€319,926 | -50.7% |
| Equity | 10/15 | €371,718 | €199,895 | -€171,823 | -46.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €357,458 | €185,635 | -€171,823 | -48.1% |
| Amounts payable | 17/49 | €259,676 | €111,573 | -€148,103 | -57.0% |
| Amounts payable after more than one year | 17 | €13,329 | €5,436 | -€7,893 | -59.2% |
| Amounts payable within one year | 42/48 | €246,347 | €106,137 | -€140,210 | -56.9% |
| Trade debts | 44 | €227 | - | -€227 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,172 | €8,172 | = | 0.0% |
| Gross operating margin | 9900 | €363,301 | -€20,259 | -€383,560 | |
| Operating profit (loss) | 9901 | €319,662 | -€30,273 | -€349,935 | |
| Recurring financial income | 75 | €178 | €162 | -€16 | -9.0% |
| Recurring financial charges | 65 | €3,395 | €2,347 | -€1,048 | -30.9% |
| Profit (loss) for the period before taxes | 9903 | €316,445 | -€32,458 | -€348,903 | |
| Income taxes | 67/77 | €91,277 | €139,365 | +€48,088 | +52.7% |
| Profit (loss) for the period | 9904 | €225,168 | -€171,823 | -€396,991 | |
| Profit (loss) for the period to be appropriated | 9905 | €225,168 | -€171,823 | -€396,991 |
Source: filed annual accounts (NBB), financial years ended 31 December 2018 and 31 December 2019. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.